As a longterm holder of MOL its very assuring to hear that the molly market will require a major mine to come into production every year. There are not that many on the table so that looks great for the price of molly and the profitability once MOL is up and running.
It was interesting to note that to ramp up the iron ore production they require permission to truck extra loads into Port Headland, we have so much red tape to deal with. Also that they are looking at other iron ore prospects within the Spinifex Ridge lease.
Bring on the completion of finance and its full steam ahead, not long to wait now.
MOL Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
